Red Bank-based Zais Financial Corp. announced Thursday its board approved a regular cash dividend for the fourth quarter of 2013.
According to the announcement, the company will issue a a regular cash dividend of 40 cents per share of the company's common stock and operating partnership unit, and an additional special cash dividend of 55 cents per share of its common stock and OP unit. The company is declaring the additional special cash dividend to distribute taxable income from 2013 attributable to the termination of interest rate swap contracts. The dividends are payable on January 15, 2014, to stockholders and OP unit holders of record as of the close of business on December 31, 2013.
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